Commercial Real Estate Market in Greenwood, AR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
6 active listings and 287 off-market properties in Greenwood, AR.
Market Trends
Greenwood, AR spans 80.9 square miles in Sebastian County, Arkansas. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Greenwood, AR runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Greenwood, AR runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Greenwood, AR runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily vacancy in Greenwood, AR runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 88.7%
- Commercial 7.9%
- Industrial 3.4%
- Mixed use 0%
Largest Zones share of zoned land by district
Greenwood, AR zones 6,961 acres across 7 districts. Commercial zoning covers 7.9% of zoned land, residential 88.7% and industrial 3.4%. The largest single district is Single Family Residential at 88.1%. For commercial buyers the practical constraint is that only 11.2% of land carries a commercial or industrial designation.
The purpose of this district is to provide areas for low-density single-family detached housing.
Market overview
Demographics & Economy
Greenwood, AR has 14,515 residents in 6,019 households. Density runs 179 people per square mile. Median household income here is $72,213 and median gross rent $824 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Greenwood?
What zoning applies to commercial property in Greenwood?
Where does Realmo's Greenwood market data come from?
Methodology & data sources
- Asking prices and medians
- There are 5 active for-sale and 1 active for-lease listings in Greenwood, AR. The sale median is based on 3 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 6,961 zoned acres across 7 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
